Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Do I have to include my RRSP in Form 8938 or TD F 90-22.1 (https://www.askmehelpdesk.com/showthread.php?t=640892)

  • Mar 4, 2012, 08:25 AM
    guluoguawen
    Do I have to include my RRSP in Form 8938 or TD F 90-22.1
    Dear Sir/Madam,

    I have reported my Canadian RRSP (registered retirement savings plan) in the form 8891 every year. Do I have to include my RRSP in the form 8938 or TD F90-22.1.

    Many thanks in advance!
  • Mar 9, 2012, 01:48 PM
    AtlantaTaxExpert
    In my opinion, yes, if the assets are high enough.
  • Mar 9, 2012, 05:23 PM
    guluoguawen
    Dear AtlantaTaxExpert,

    Thank you very much for your answer, which is very helpful.
  • Oct 13, 2013, 11:15 AM
    joehiken
    According to IRS site

    http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-(FBAR)

    Under

    Who Must File an FBAR, Exceptions to the Reporting Requirement, item 7

    7.Participants in and beneficiaries of tax-qualified retirement plans;

    It seems that for a RRSP need not file the FBAR, can someone clarify this?
  • Oct 13, 2013, 01:23 PM
    AtlantaTaxExpert
    I have called and ASKED the IRS and was told that you MUST include the RRSP on the FBAR, because the RRSP, being a FOREIGN pension plan, is NOT considered to be a tax-qualified plan.

  • All times are GMT -7. The time now is 07:23 AM.